In recent months, the Nigerian petroleum market has witnessed a notable shift, as retailers and marketers increasingly turn to imported fuel instead of sourcing from the Dangote Refinery, one of the largest in Africa. This trend has raised eyebrows among industry stakeholders, who cite several factors influencing this decision, as well as the potential long-term implications for the domestic fuel landscape. 1. Pricing Discrepancies One of the primary reasons retailers are opting for imported petrol is the competitive pricing of imported fuels. Stakeholders have pointed out that the cost of petrol from the Dangote Refinery has not been as attractive as expected, primarily due to high local production costs and the refinery's operational challenges. As a result, marketers find better margins when sourcing fuel from international markets, where prices are more favorable due to economies of scale and competitive pricing. 2. Quality Concerns Quality is a crucial factor in th...

The Imo State correspondent with Trust TV passed away at the weekend in his Lagos apartment.   According to Daily Trust, neighbours discovered his body on Saturday morning, September 7, after they noticed he had not responded to several knocks on his door and subsequently forced it open.   Ajibade is survived by his wife and three children who reside in Imo State.   He had recently buried his father-in-law in Imo State, with various associations, including the Nigeria Union of Journalists (NUJ) Correspondents’ Chapter, showing solidarity at the event.  Reacting, the Chief Operating Officer of Trust TV, Ibrahim Shehu Adamu, described the late Ajibade as a dynamic and passionate reporter whose energy and dedication brought life to every story he covered  “His sudden passing is a profound loss to all of us at Trust TV, and his vibrant presence will be deeply missed. Ajibade’s journalistic excellence and engaging reporting styl...